On the USD/CAD daily chart, “bulls” managed to keep the quotes within a long-term rising channel. The Wolf waves have been formed.
A breakout of the 2-4 diagonal resistance near the 1.3175 mark can lead to the restoration of the “bullish” trend.
On the USD/CAD hourly chart, the expanding wedge pattern is almost formed. A rollback towards 38.2% and 23.6% levels formed from the waves 4-5 can be used for opening the long positions. A breakout of the last high at 1.3135 can lead to the continuation of the rally.
Recommendations:
BUY 1,3135 SL 1,3080 TP 1,3305,
BUY 1,3175 SL 1,3120 TP1 1,3305 TP2 1,34.
Origin: FX BAZOOKA
